Pension scheme exposure to equity drops below 50% for first time ever

BNY Mellon reveals sector allocation falling to record low of 48.8% at end of 2008

Pension scheme equity exposure has fallen below 50% for the first time on record, with average allocation to the asset class hitting a record low of 48.8% at the end of 2008. Findings from BNY Mellon Asset Servicing also showed the allocation to overseas equities was slightly higher than that to UK equities for the first time ever (24.8% compared to 24%). The second half of the year also saw a turning point for allocations to UK bonds, with the allocation exceeding that to UK equities for the first time. The study also showed that in 2008 equity market returns were in negative terr...